Fiat: Fiat money is a government-issued currency that is not backed by a commodity such as gold.
It does not require a central bank.
I didn’t follow the whole conversation but most / all countries have a fiat currency.
Fiat: Fiat money is a government-issued currency that is not backed by a commodity such as gold.
It does not require a central bank.
I didn’t follow the whole conversation but most / all countries have a fiat currency.
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